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. >> as both sides in washington try to hammer out agreements on taxes and fiscal spending, they get the full media treatment as the press try to pin the blame on the g.o.p. is it working? details next on news watch. okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm-hmm. we're on vacation. there is no plan. really? [ male announcer ] the united mileageplus explorer card. the mileage card with speci perks on united. get it and you're in. why does my mouth feel dryer than i remember it to be? there are more people taking more medication, so we see people suffering from dry mouth more so. we may see more cavities, bad breath, oral irritation. a dry mouth sufferer doesn't have to suffer. i would recommend biotene. the enzymes in biotene products help supplement enzymes that are naturally in saliva. biotene helps moisten those areas that have beco
. >> as both sides in washington try to hammer out agreements on taxes and fiscal spending, they get the full media treatment as the press try to pin the blame on the g.o.p. is it working? details next on news watch. okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my motr was so wrong about you. next, we get priory boarding on our flight i booked with miles. all because of the card. and me. okay, what's...
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. >> sean: same with value added tax after eliminating the fair tax is good, each one is progressive, the more you make, the more you spend. >> people get a flat tax. fair share, think flat tack. i'm starting to see forbes about it and listen this is what we ought to be doing. >> sean: where is the president? why the constant campaign? after every election there's a period when things can get den, good things. i was saying this to bob woodward, one in six in poverty, 50 million on food stamps this is not a time to play games this is a time to get this country out of the fiscal mess it is in, live within our means that means really doing big things, touching entitlements saving them from bankruptcy. campaigning in pennsylvania using class warfare. >> it is more egregious when you know we've had four deaths in libya. what happened how can we avoid that mistake in the future? when you go around the country and texas and people are hurting and struggling and it is breaking their heart to make ends meet and you know we have more energy than anybody in the world and not using it. >> sean: i
. >> sean: same with value added tax after eliminating the fair tax is good, each one is progressive, the more you make, the more you spend. >> people get a flat tax. fair share, think flat tack. i'm starting to see forbes about it and listen this is what we ought to be doing. >> sean: where is the president? why the constant campaign? after every election there's a period when things can get den, good things. i was saying this to bob woodward, one in six in poverty, 50...
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if we could just pass a tiny tax on the speculative stock transactions, a robinhood tax, we could actually generate up to $350 billion, and i said billion dollars a year. every single year. that would be more than enough money to end the aids pandemic and to have money left over for the largest jobs program that we ever dreamed of and enough money to fight against climate change so us up here in new york won't have to face things like hurricane sandy, again. a robinhood tax to end aids rather than talking about cuts that really only affect the poorest and most vulnerable people who have been stripped naked, had everything taken away from them for decades. like people who rely on medicaid and social security the housing opportunities for persons with aids, ryan white, the president's emergency plan for aids relief and the global fund fight aids, malaria. we know we can fight aids, but we have to get in it. >> i want to talk about that in just a moment. the president's emergency plan for aids relief. an acronym and the secretary listed five points to end the spread of hiv and aids. a drop of
if we could just pass a tiny tax on the speculative stock transactions, a robinhood tax, we could actually generate up to $350 billion, and i said billion dollars a year. every single year. that would be more than enough money to end the aids pandemic and to have money left over for the largest jobs program that we ever dreamed of and enough money to fight against climate change so us up here in new york won't have to face things like hurricane sandy, again. a robinhood tax to end aids rather...
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let tax increases for the top 2% of earners go up. but the top gop leader in the house says that's a no-go. >> the goal here is to control the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options ar
let tax increases for the top 2% of earners go up. but the top gop leader in the house says that's a no-go. >> the goal here is to control the economy and control spending. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. why? this is not the right approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas...
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the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president obama. it will be the first encounter since the final presidential debate in october. the meeting fulfills an election night promise by the president to work with romney going forward. that doesn't mean the former massachusetts governor will become a regular. >> is governor romney here tomorrow in some kind of cabinet level position? >> no. >> beyond that, is there some kind of reorganization in the commerce department where governor romney could play a role? >> again, there is -- the president doesn't have a specific assignment in mind for the g
the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president...
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this is not acceptable, to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. right? that doesn't make sense. megyn: but some house republicans are describing the latest offer from the white house as absurd. they say the president ran on a platform to raise rates on top earners. that would amount to about $800 billion in new tax revenue they say he's now asking for double that amount, close to $1.6 trillion in new taxes. republicans also argue he calls for a balanced approach but asking for about four times as much in tax hikes as there are in possible spending cuts, all of which on the spending cut front would come later: possible spending cuts, all of which on the spending confront will come later. he also wants to permanently do away with the congress approves debt limit, effectively giving himself a blank check to add as much the sequence to a national debt that already stands at $16 trillion. moments ago, speaker of the house speaker boehner saying that the democrats plan is not going to fly. >> the white house took three we
this is not acceptable, to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. right? that doesn't make sense. megyn: but some house republicans are describing the latest offer from the white house as absurd. they say the president ran on a platform to raise rates on top earners. that would amount to about $800 billion in new tax revenue they say he's now asking for double that amount, close to $1.6 trillion in new taxes. republicans also...
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those middle class tax cuts in that legislation would protect the tax cuts for 98% of americans and 97% of small businesses. that, as we are in the midst of the holiday season, is absolutely essential to continuing to get our economy turned around and focus on job creation. >> "the new york times" reporting today that negotiations are now down to just two people. the president, the house speaker. we know that some senate democrats dispute this. what do you think about this point with regard to the negotiations and who's in the room? >> i know that the president and his advisers are focused on making sure that in the discussions that they have with both the house and the senate that whatever plan they agree to includes a balanced approach. one that's fair to the middle class and one whose math makes sense and reaches the size of the duff sit reduction we need that doesn't balance all the pain on the backs of the middle class and that makes sure that we have suspending cuts and revenue. when it comes to entitlement reform, we have an opportunity to add another hundreds of billions of doll
those middle class tax cuts in that legislation would protect the tax cuts for 98% of americans and 97% of small businesses. that, as we are in the midst of the holiday season, is absolutely essential to continuing to get our economy turned around and focus on job creation. >> "the new york times" reporting today that negotiations are now down to just two people. the president, the house speaker. we know that some senate democrats dispute this. what do you think about this point...
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democrats only want to raise taxes on the top 2% and extend the bush tax cuts for everyone else. what they might agree on, cutting deductions. the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but the tax policy center points out it tends to benefit upper middle class families the most. for those with annual incomes of less than $40,000 a year, the average tax savings is just 91 bucks. for the people earning $250,000 a year, the annual tax savings runs about $5,500, and critics say it's not really helping to boost homeownership. going to talk to one of them in a moment. the homeownership rate in the u.s. is now about 65%. it was up near 70% duri
democrats only want to raise taxes on the top 2% and extend the bush tax cuts for everyone else. what they might agree on, cutting deductions. the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional...
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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> the president had a busy fiscal cliff day, also met privately with the ceo ofs of home depot, coca-cola and yahoo!. not to be out done on this pr front, house republicans made it public, hosting a group of nervous business leaders. they've signed on to a campaign called fix the debt. they want big spending cuts to supplement the coming tax hikes. >> i'm hopeful but i wouldn't put me anywhere near
he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans....
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tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one of those? >> dana: not necessarily. i do think i see in "washington post," headline, obama offers plan for cliff. plan to be in quotes. the thing that amazes me and the media lets it happen. for eight years or longer now. i had to defend how many times people said on the left, including president obama when he was running for president the first time, the bush tax cuts only help the ri
tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and...
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tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in terms of political advantage and clearly the president is going to gain more political advantage from going off the cliff than the republicans are going to. that's where the polls are showing. that's clearly where there is going. that doesn't mean it's a good idea for the country or economically. the country is are they looking at their own political interests or do they actually want to make sure the economy stays out of recession here. this is a very dangerous game that we're playing with over the next four weeks. >> i want to bring in congressman tom price, a republican from ge
tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in terms of political advantage and clearly the president is...
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it's taxes. taxes. okay, you can say taxes. when you separate taxes from revenue, we are going to raise revenue, not taxes, you get strange things, it seems. there's all sorts of privatization. take the highway, we are going to sell it to you. lease it back and get a one-time payment from that. this is something that's happening right now in baltimore that i think is pretty fascinating. take a look. >> i thought it was idiotic. why do we want to look like nascar? look like a bus going down the street. after the shock wore off, this shows how far we have to go to think outside of the box. >> reporter: chicago sold ad space on iconic bridges to bank of america. philadelphia rented out a transitation to at&t. brazil indiana let kfc advertise on fire hydrants. >> baltimore, in case that wasn't there, they are selling ad space on fire trucks. were you tempted? was there anything you were thinking of putting up on the auction block? >> we are not purists. you know, you see things get named from time-to-time. those are extremes. those
it's taxes. taxes. okay, you can say taxes. when you separate taxes from revenue, we are going to raise revenue, not taxes, you get strange things, it seems. there's all sorts of privatization. take the highway, we are going to sell it to you. lease it back and get a one-time payment from that. this is something that's happening right now in baltimore that i think is pretty fascinating. take a look. >> i thought it was idiotic. why do we want to look like nascar? look like a bus going...
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the social security payroll tax. there is a tax increase in january. unless someone steps up and says wait a second, we are getting everyone else a tax break and let social security tax go up 2%. >> bret: winners and losers? >> bill kristol is turning in to a socialist. [ laughter ] >> family tradition. way back. >> secretary of the treasury sitting right over there. workers, champion. the winner mahmoud abbas locally because he outshone hamas on this even though the victory he won in the u.n. was pyraquan. loser speaker of the house john boehner. he offered the president a peace pipe and got in return a demand that he turned over his sword, his shirt and at the end his trousers. that is a rather embarrassing position for the speaker. >> bret: he will be asked about it on "fox news sunday" with chris wallace. that is it for the panel. but stay tuned to see one thing congress did accomplish today. victor! victor! i got your campbell's chunky soup. mom? who's mom? i'm the giants mascot. the giants don't have a mascot! ohhh! eat up! new jammin jerk chicke
the social security payroll tax. there is a tax increase in january. unless someone steps up and says wait a second, we are getting everyone else a tax break and let social security tax go up 2%. >> bret: winners and losers? >> bill kristol is turning in to a socialist. [ laughter ] >> family tradition. way back. >> secretary of the treasury sitting right over there. workers, champion. the winner mahmoud abbas locally because he outshone hamas on this even though the...
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a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress could prevent a tax hike on the first 250,000, of everybodiy income. that means 98 percent of americans and nen percent of small businesses wouldn't see income taxes go up at all . even the wealthiest americans would get a tax cut on $250,000 of the income. democrats are pushing for a vote and it was approved by the secretary. >> and republican leaders what are their next move. >> they are sticking to their guns on the tax rate . they are reacting strongly to the plan that the president uned this week. house spheeker - on speaker boehner said it was not a serious proposal. it is an advantage to run the clock out and getting closer to the deadline in the end of the year. at some point if there is a break through it has to happen in a short manner. it takes a while to get the proposal score legislation drafted. if w
a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress could prevent a tax hike on the first 250,000, of everybodiy income. that means 98 percent of americans and nen percent of small businesses wouldn't see income taxes go up at all . even the wealthiest americans would get a...
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. >> some of it comes from the general fund, there's income taxes and other taxes in the tax code and payroll taxes that create this distinct funding mechanism. >> and some of the money in the general fund comes from the social security trust fund. >> that's right. >> i wanted to get more to the political aspect of it. so maybe popularly people don't want to see 34ed kade -- i'm sorry, medicare touched but the belt way folks, the folks that are going to be voting on this do want to see that. >> yes, would he do. >> what are we going to bring to the table? are we just going to say we're not going to bargain with you? i mean, at what level do we allow for, say, means testing? we may not like it, but that's what it's going to allow. >> means testing, we can do means testing. if you want to do means testing, there's a very efficient way of doing it. we will raise your taxes on -- >> if you have more money. >> the grand bargain. >> the reality is that's not going to happen. >> wait a second. >> that's not going to happen. we can talk about -- look, we can talk about -- >> the reason why th
. >> some of it comes from the general fund, there's income taxes and other taxes in the tax code and payroll taxes that create this distinct funding mechanism. >> and some of the money in the general fund comes from the social security trust fund. >> that's right. >> i wanted to get more to the political aspect of it. so maybe popularly people don't want to see 34ed kade -- i'm sorry, medicare touched but the belt way folks, the folks that are going to be voting on this...
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he suggested that he wants to see taxes go up for the rich. middle class tax cuts get extended for the middle class and then we will back and deal with spending cuts next year. >> and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are insisting that they don't want to take a framework for spending cuts down the road in exchange for tax changes now. they want it all done at the same time so that they can be sure that if taxes are going up on the rich, that in fact some of those spending cuts to bring down the debt will actually materialize. it might make it more likely to go of 00 cliff even though the president insisted today he thinks there will be a deal within weeks, shep. >> shepard: as for extending tax cuts for middle class americans it sounds like there is some agreement on that matter. >> it
he suggested that he wants to see taxes go up for the rich. middle class tax cuts get extended for the middle class and then we will back and deal with spending cuts next year. >> and it would give us more time than next year to work together on a comprehensive plan to bring down our deficits it, to streamline our tax system. to do it in a balanced way. including asking the wealthiest americans to pay a little more. >> the problem with that strategy is that republic leaders are...
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the middle class can't possibly afford anymore taxes. that's why the rich have to pay their fair share. >> cenk: let me throw a quick question. >> i think if it's framed that way in terms of jobs and public investment and all of us, i think that's a winning way of framing it. >> cenk: you're definitely right about that, there's no question about that. the question is the guy in the white house is not going to frame it that way. if my prediction is right and we'll go to the upper end of it and say the marge national tax rate gets moved up. is that a good deal for a bad deal? >> it's a bad deal, because remember the clinton highest marginal tax rates on dual filers 39.6% that is still historically very, very low. i mean, before 1980, the highest marge national tax rate was 71% under eisenhower, 91%. even if you consider all of the tax deductions that the wealthy took in those years. the effective tax rate on the highest income people was still about 55%. much higher than the 39% under bill clinton. did the economy suffer? no! we did very w
the middle class can't possibly afford anymore taxes. that's why the rich have to pay their fair share. >> cenk: let me throw a quick question. >> i think if it's framed that way in terms of jobs and public investment and all of us, i think that's a winning way of framing it. >> cenk: you're definitely right about that, there's no question about that. the question is the guy in the white house is not going to frame it that way. if my prediction is right and we'll go to the...
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dividend taxes could be astronomical. neil: that was the single best explanation of this entire phenomenon that i have heard. >> you flatter me, sir be met really. >> you are very kind. neil: he talked about the avenue of successful investors who was inhibited by the tax rate. i am paraphring. but regardless of what the tax situation was, turning around your argument on dividends, but it could have a big imact on those who might invest in dividend paying stocks with a cd that you get, and maybe that won't happen at all. would he make of that? >> i think he is talking about something else. he is saying that people will not add to employment. neil: i get it, it won't kill the old world investment. >> that will knock it down. 30% of the long-term gain. roughly the right amount in stocks. if you're going to cut that i have, then very roughly, 15% of the value of the stock market, just like that. this is not something that affects only wealt people. it affects anyone who is saving stock market for his or her retirement. that i
dividend taxes could be astronomical. neil: that was the single best explanation of this entire phenomenon that i have heard. >> you flatter me, sir be met really. >> you are very kind. neil: he talked about the avenue of successful investors who was inhibited by the tax rate. i am paraphring. but regardless of what the tax situation was, turning around your argument on dividends, but it could have a big imact on those who might invest in dividend paying stocks with a cd that you...
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there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to get them and not focused on spending cuts. is that because the republicans and the president agree the middle class needs those tax cuts and should get them. the only thing they disagree on is whether the rich should also have tax cuts given to them. the left is say we agreet middle class should get the tax cuts. so let's give them to them. >> you are comment is largely right. the republicans have gone along in a bipartisan manner with the idea there has to be revenue. the speaker has put forward a framework in which he agrees there should be $800 billion of revenue on the table. the proble
there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to...
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continuing to extend the pay roll tax cut which is a defending of social security . every since we started that bad policy. we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best at as a communicator of the republican party. what do you tell people who are worried about republicans or democrats might do in congress that would put their security in jeopardy? >> first and foremost, we are not talking about making change for current seniors or those 10 years from going in. but we have to do something for someone like myself who is 51 or those programs will not be there. we are talking 10-12 years of solvencey between social security and medicare. we have to be adults and leaders and say we have a program and we'll bring viable solutions to future generations. >>
continuing to extend the pay roll tax cut which is a defending of social security . every since we started that bad policy. we have seen them run the deficit . medicare. when you see the american people paying on average. 115 million a year and getting something 300 mill or 300,000, benefits in their life. we have to do something about the fee for service program and get it a defined benefit and we have to reform and preserve mandatory spending programs. >> one of the things you are best...
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in exchange, he says republicans could agree to more tax revenue, but not through higher tax rates. will both sides be able to work this thing out? let's bring in our panel, donna is an advisor to pennsylvania senator bob kerry and a former staffer for pennsylvania governor ed rendell. ron is a former communications director to the house speaker, dennis hastert. good to see you both. >> good to sigh. >> gregg: donna, let's start with what the president was offering a. even democrats are criticizing him for demanding 150 billion in more spending. not less, including a $50 billion stimulus this next year. at a time when the focus perhaps should be on spending cuts, are those democrats right? >> well, i'm hearing many more democrats resonating with the message that the president is delivering and that message is that he ran on and got elected on the basis of more taxes for the most wealthy americans. i think that there is a real danger for republicans in not really hearing that message. i've been impressed by the number of republicans that have made positive indications that more reven
in exchange, he says republicans could agree to more tax revenue, but not through higher tax rates. will both sides be able to work this thing out? let's bring in our panel, donna is an advisor to pennsylvania senator bob kerry and a former staffer for pennsylvania governor ed rendell. ron is a former communications director to the house speaker, dennis hastert. good to see you both. >> good to sigh. >> gregg: donna, let's start with what the president was offering a. even democrats...
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they may consider eliminating tax deductions on high income earners. and a third powerful storm hitting less than a week. weather causing rain flooding at a rate of an inch an hour at times. thousands lost their electricity. the damage wasn't as bad as they thought it would be. >>> i am marianne rafferty. now back to foxnews.com. harris. let's send you back to huckabee hosted by dana pireno. >> when i was white house press secretary and faced a room full of reporters and i am used to getting tough questions . it has been a a while since i was grilled and since i am guest host and i can't play a bass guitar. i am take questions. only person missing is helen thomas and sit negligent front row and she and i were good friends believe it or not. who is it first. >> hi, dana, i am richard from dallas and got an easy one. you are obviously lovely intelligent nice person, is it difficult to tolerate bob beckel every day? >> very. >> bob and i used to take the train back and forth when we commute benefit we moved to new york. we were in dc and go back together
they may consider eliminating tax deductions on high income earners. and a third powerful storm hitting less than a week. weather causing rain flooding at a rate of an inch an hour at times. thousands lost their electricity. the damage wasn't as bad as they thought it would be. >>> i am marianne rafferty. now back to foxnews.com. harris. let's send you back to huckabee hosted by dana pireno. >> when i was white house press secretary and faced a room full of reporters and i am...
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so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are listening and they take the steps necessary to get to a compromise before the end of the year. >> very quickly, very simply, optimistic or pessimistic? >> i'm optimistic, 1,000% confident they'll get this solved by the end of the year. >> thank you, michael. appreciate it. >> thank you. >>> so what was meant to be a discussion on recovery efforts in the wake of superstorm standee erupted into tears and outbursts of anger. it was standing room only at the town hall meeting on staten island as people who lost everything begged for help from fema. wabc's carol lee was there. >> reporter: more than 700 people packed the auditorium for a town hall meeting for superstorm sandy victims on staten island. there was a time to discuss business and a chance to lay out their emotions. >> we are ex
so to put a tax rise, a tax rate increase for the middle class makes no sense to me. someone who makes 50, 60, $70,000 a year will lose and will take away a lot of discretionary purchases from people like me and travel and a whole host of other areas. i hope our leaders in washington are listening and they take the steps necessary to get to a compromise before the end of the year. >> very quickly, very simply, optimistic or pessimistic? >> i'm optimistic, 1,000% confident they'll...
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then we have been signed on the tax hike that could put a spike tax hike that could put a spike in this very twins. i didn't see them coming. i have obligations. cute obligations,ut obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. neil: welcome back. >> most of you know me pretty well. what you see is what you get. while i may be affable and someone who can work with members of both parties, which i have demonrated over the 20 years i've been here, i have also determined to solve our spending problem. to also solve this debt criis. neil: speaker john boehner is not too confident that things are looking good. saying tt republicans are not the ones blocking a deal to avoid the disa
then we have been signed on the tax hike that could put a spike tax hike that could put a spike in this very twins. i didn't see them coming. i have obligations. cute obligations,ut obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which...
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you want to talk about paying taxes and your fair share? they're a tax-exempt 501c5 organization. where is ed asner's rage about their escaping and evading their fair share of taxes? i don't hear it. also, let's have a balance. if they're going to show this in the california classrooms, how about an eight-minute video narrated by clint eastwood or my favorite right thinking actor adam baldwin that exposes the truth about occupy and the teachers alliance? they have to make up this urinating image? well, you've got occupiers who have been pooping on police cars. show that to the school kids. >> sean: well said. michelle malkin. great points. thank you for being with us. >> you bet, take care. >>> >> sean: coming up next, liz cheney on the breaking news out of syria. the government stands ready to use sarin nerve gas on its own people. a senior firm confirmed this to fox news. >>> women in egypt are fearing for their lives as sex mobs are preying on the public. the situation is getting dispratt. where is the outrage and the support from the feminists who screamed about the so-called
you want to talk about paying taxes and your fair share? they're a tax-exempt 501c5 organization. where is ed asner's rage about their escaping and evading their fair share of taxes? i don't hear it. also, let's have a balance. if they're going to show this in the california classrooms, how about an eight-minute video narrated by clint eastwood or my favorite right thinking actor adam baldwin that exposes the truth about occupy and the teachers alliance? they have to make up this urinating...
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will the liberals vote for anything unless they get a rise in the tax for the top people? >> well, really, i can only speak for myself, chris, but my sense of the caucus is there are strong feelings about protecting entitlements from depredations on the other side and they want to be very clear about the details, but i think there's also a willingness to work with the president and support the president in his leadership in averting the fiscal cliff and i agree with mr. terry, we want to get this done before the end of the year so that we're not roiling markets, not disrupting people's planning for the next calendar year, and we're not having anybody's taxes go up in the middle class. >> let me get the timing right plshtion terry. you're in the majority. are you being advised by your whips there are going ton tough votes right near christmas eve or some coming back after christmas before the 31st in some crazy christmas week chaos? in other words are you being advised the big votes will come before christmas? >> our leadership and our conference has said there hasn't been
will the liberals vote for anything unless they get a rise in the tax for the top people? >> well, really, i can only speak for myself, chris, but my sense of the caucus is there are strong feelings about protecting entitlements from depredations on the other side and they want to be very clear about the details, but i think there's also a willingness to work with the president and support the president in his leadership in averting the fiscal cliff and i agree with mr. terry, we want to...
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i pay my tax, why not starbucks? >> sometimes they position themselveses in other country to avoid paying high taxes here and britain. amazon did $320 million in turnover in the u.k. it paid less than $3 million in british tax. all of this within the law but parliamentary law accused them of immorally minimizing the tax obligation. some say don't blame the big guys. >> i don't moral is the way we ought to levy our taxes. it should be set out in law and fairly enforced by the tax authority. individuals have their own moral compass that guides what they choose to do. >> starbucks does appear to feel the heat of public pressure. saying we need to do more. we are looking at the tax approach in the u.k. the u.k. said it will tighten its tax regime but it has not said how. other european countrys have similar concerns. with some calling for more uniform taxation across the e.u., so some countries don't become tax havens at the expense of others. bret? >> bret: amy kellogg in london. thank you. the supreme court here in the
i pay my tax, why not starbucks? >> sometimes they position themselveses in other country to avoid paying high taxes here and britain. amazon did $320 million in turnover in the u.k. it paid less than $3 million in british tax. all of this within the law but parliamentary law accused them of immorally minimizing the tax obligation. some say don't blame the big guys. >> i don't moral is the way we ought to levy our taxes. it should be set out in law and fairly enforced by the tax...
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they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. >> perhaps most su prirprising the white house proposal to get the president just about unlimited power to raise the nation's debt sealiceiling and w more and more money unless they reject. these will be tough negotiations ahead. we got a little sample of this yesterday from senate majority leader talking to john boehner. >> i don't understand his brain. you should ask him. >> not much time to get this done. the president meantime flies to penns
they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last...
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tax hikes on the rich. republicans have said, well, we don't want that, but we will put revenue on the table if you agree to some spending cuts. and now both sides are saying you show us your proposed spending cuts first. do i have it about right, marc? >> yeah, about right, essentially. look, the president -- i think it's very clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of sitting down with john boehner, running around pushing for a bill to increase -- extend just the middle class tax cuts which he knows republicans will never do. you can see it in the fact that 33 senate democrats signed this letter which says, quote, we will oppose including social security cuts for current or future pen fisheries in any -- beneficiaries at any time. that's signed by harry reid. senator durbin giving a speech saying no touching medicare or medicaid in any year end package. so, basically, the democratic positio
tax hikes on the rich. republicans have said, well, we don't want that, but we will put revenue on the table if you agree to some spending cuts. and now both sides are saying you show us your proposed spending cuts first. do i have it about right, marc? >> yeah, about right, essentially. look, the president -- i think it's very clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of...
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they paid a negative income tax. we paid duke energy instead of them paying taxes. the guy seems to be so relevant into this fiscal cliff grand bargaining negotiations is grover norquist. did you this story about who is behind grover norquist, and who he really represents, and i think that's a really interesting story. who is the money behind grover? >> well, grover norquist is an interesting guy. he's obviously captured the minds and the attention of the entire republican party. but i would like folks to look at him a little bit differently. if you look at grover norquist's budget because he has a large foundation that enforces his pledge. two-thirds of his money, 66% of his budget comes from only two billionaire-backed non-profits groups founded by folks like the koch brothers, the bekdel corporation and karl rove. they're worth billions of dollars who would not like to see their tax rates go up. it should not be any surprise that they're giving money to norquist as their enforcer. >> cenk: a lot of those are in private equities and defense and, etc. shockingly th
they paid a negative income tax. we paid duke energy instead of them paying taxes. the guy seems to be so relevant into this fiscal cliff grand bargaining negotiations is grover norquist. did you this story about who is behind grover norquist, and who he really represents, and i think that's a really interesting story. who is the money behind grover? >> well, grover norquist is an interesting guy. he's obviously captured the minds and the attention of the entire republican party. but i...
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if you want to limit tax deductions tell me what it is you want to limit. if you want to reduce entitlements, tell me how we're going to do that. if we're going to raise taxes or cut spending, tell me how we're going to do this because i've got the american public on my side. >> jennifer: i totally agree with that. i hear he's not cutting enough in this proposal, but in the last campaign he was cutting too much, oh my god. shouldn't the republicans in congress be called out on that hypocrisy, at least by the main treatment media? >> one of the things that think they're going to be cognitive of, they don't have time to change their image with the american public. there is the argument that house and republicans were re-elected, but i think it's clear that the american public did not vote for dysfunction. they want the american government to function. that's the reason why barack obama was elected and mitt romney was not elected. the american people liked most of the president's policies, and they want the government to function. if i were a house member, a r
if you want to limit tax deductions tell me what it is you want to limit. if you want to reduce entitlements, tell me how we're going to do that. if we're going to raise taxes or cut spending, tell me how we're going to do this because i've got the american public on my side. >> jennifer: i totally agree with that. i hear he's not cutting enough in this proposal, but in the last campaign he was cutting too much, oh my god. shouldn't the republicans in congress be called out on that...
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we will accept some tax increases. but let's remember, there are some very important details to be worked out. how much and when. will they just say, okay, we will stand aside while democrats pass this tax cut for the middle class and then let the tax cuts for the wealthy engs pyre? that could happen. but does it happen before the end of the year? does it happen after the end of the year? >> now, dana, on that point, a lot of this is that they seem to have already lost the american public. in a new series of polls. quinnipiac shows that americans have views close to the president. 65% say raise taxes on $250,000 plus. 85% of polls pledged against raising taxes. that's 85%. 51% think that the gop is negotiating in bad faith. so the public seems to be gone from the republican cause. >> right. by two to one in virtually all of these polls we are seeing that they are likely to blame the republicans if the fiscal cliff is reached. and i think you've seen president obama going around the country, as with that family and the
we will accept some tax increases. but let's remember, there are some very important details to be worked out. how much and when. will they just say, okay, we will stand aside while democrats pass this tax cut for the middle class and then let the tax cuts for the wealthy engs pyre? that could happen. but does it happen before the end of the year? does it happen after the end of the year? >> now, dana, on that point, a lot of this is that they seem to have already lost the american...
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starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain agreeing to pay $32 million it does not owe. >>> the securities and exchange commission says netflix chief reed hastings may have violated fair disclosure rules with a facebook post saying monthly streaming hours had past 1 billion. netflix stocks soared 6% that day. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad news out of chicago where the maker of the academy awards oscar statue wets is planning to layoff nearly 100 workers before christmas. >>> finally, 'tis is the season for a holiday party essential, at least the fun holiday paerlts, the ugly christmas sweater. what if you don't owe one? there's one high schooler who can help you out with that. he buys them up and sells them on his website for, get this, 20 to 50 bucks each. he does this all from his parents' basement. little zuckerberg in
starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain agreeing to pay $32 million it does not owe. >>> the securities and exchange commission says netflix chief reed hastings may have violated fair disclosure rules with a facebook post saying monthly streaming hours had past 1 billion. netflix stocks soared 6% that day. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >>...
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a look at whether it makes sense to prepay your local taxes and property taxes and take a look at your investments as well gains, losses, if there are stocks you want to sell you may want to consider doing that before the end of the year. >> any capital gains tax is 15 percent. that may go up in january 2013. >> you could get walloped in 2013. >> throw out the balance of your network. >> it is a good time to do that take a look at your assets and liabilities. what's going in the door and out the door. you start chipping away at the debt. good time of year. >> common sense we always need a remiernd. >> evaluate your ints a good thing to do also. auto, life insurance disability, are you paying too much good time to comparison shop as well. >> it inches up a bit and you are paying more than you thought. >> check your credit score. >> you are entitled for a copy of your credit report annualcreditreport.com. i would check over with a fine tooth comb. they do container ors. 25 percent container ors that result in you being denied >> you have just a few weeks left to use up whatever money you
a look at whether it makes sense to prepay your local taxes and property taxes and take a look at your investments as well gains, losses, if there are stocks you want to sell you may want to consider doing that before the end of the year. >> any capital gains tax is 15 percent. that may go up in january 2013. >> you could get walloped in 2013. >> throw out the balance of your network. >> it is a good time to do that take a look at your assets and liabilities. what's...
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. >> i am glad to see my tax dollars are finally doing something. >> it is not only his home about his live larry -- livelihood at stake. he has been battling floods for 30 years. >> to do something is better than doing nothing. i have never seen a much done. >> battling brush of water is not cheap. the plan will cost $145 million. it would not be complete until 2022. >> it is relatively impressive, the efforts. >> this is just a proposal. $40 million worth of the project remains unfunded. also complicating matters is that this -- the water full attrition site is a historic site. >> 4:30, president obama is set to sign new legislation. the child protection act doubles the maximum conviction for those convicted of child pornography with those children under the age of 12. it gives broader powers to u.s. marshals. in the meantime, a fairfax county elementary school teacher has been indicted on child pornography charges. robert fenn was arrested back in june. he taught special education students. investigators say that the access to child pornography websites. >> of montgomery county offi
. >> i am glad to see my tax dollars are finally doing something. >> it is not only his home about his live larry -- livelihood at stake. he has been battling floods for 30 years. >> to do something is better than doing nothing. i have never seen a much done. >> battling brush of water is not cheap. the plan will cost $145 million. it would not be complete until 2022. >> it is relatively impressive, the efforts. >> this is just a proposal. $40 million worth...
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new hampshire has no income tax, no sales tax. every state around new hampshire, the other new england states have one or the other going into the 1960's, 1970. every state around us added another one. they either added the sales tax or the income tax. with the representation to their people that the other tax would come down and revenue would be effectively used because it would be more effectively collected, especially if they used the sales tax. every one of those state, the revenues haven't gone down, they've gone up dramatically and the income tax has gone up. and the sales tax has gone up and the size of the government has gone up. so from my standpoint, a val added tax is just a way to grossly expand the size of the government. and it does not fix our revenue problems. more importantly than that, just put, where i think this argument ends up, the american people would annihilate any party that taxed -- that cast a national sales tack. the democrat party thinks they're in charge now, and they are. the republican party has do
new hampshire has no income tax, no sales tax. every state around new hampshire, the other new england states have one or the other going into the 1960's, 1970. every state around us added another one. they either added the sales tax or the income tax. with the representation to their people that the other tax would come down and revenue would be effectively used because it would be more effectively collected, especially if they used the sales tax. every one of those state, the revenues haven't...
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then we have been signed on the tax hike that could put a spike tax hike that could put a spike in this very twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the isres core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. i heard you guys can ship ground for less than the ups store. that's right. ie learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. neil: welcome back. >> most of you know me pretty well. what you see is what you get. while i may be affable and someone who can work with meers of both parties
then we have been signed on the tax hike that could put a spike tax hike that could put a spike in this very twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the isres core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which...
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additional tax increases equal to $600 billion. 2009 level estate tax. multiyear stimulus package starting with at least $50 billion next year alone. permanent increase in the debt ceiling, the debt limit enough to avoid it. in exchange, $400 billion in savings from the medicare and other entitlements to be worked out next year with no guarantees. that didn't go over well. syndicated columnnist charles krauthammer. what is going on here? >> you know, up until today i didn't think -- i did think that the president had shown leg on entitlement reform. he did no 2011. when the house speaker failed to reach a grand bargain. you heard signals from dick durbin said on the sunday shows that medicare had to be on the table. he circled back and say it couldn't be part of the down payment. a lot of confidence that the president is willing to go over the cliff before he would do anything to entitlement. this is the -- the ball is in the democrats' court, not in the republicans that i spoke to today. did say that the administration proposal just as boehner said is n
additional tax increases equal to $600 billion. 2009 level estate tax. multiyear stimulus package starting with at least $50 billion next year alone. permanent increase in the debt ceiling, the debt limit enough to avoid it. in exchange, $400 billion in savings from the medicare and other entitlements to be worked out next year with no guarantees. that didn't go over well. syndicated columnnist charles krauthammer. what is going on here? >> you know, up until today i didn't think -- i did...
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you said he should propose lowering the corporate tax rate from 35% to 30%. what's your rationale behind that? >> well i have rationales both substantive and political. substantive, i think it is the right thing to do. i've spoken to a lot of economists about this over the years. even many liberal economists would agree that the corporate tax rate of 35% in this country is too high. it is higher than in most other -- i think every other advanced country. now it has to be done, obviously, the lowering would have to be done with closing loot of the loopholes that corporations take advantage of. 26 major corporations last year paid no federal income tax at all. so that nonsense has to be done away with. but substantively, many economists think it is a good idea to lower the corporate tax rate. politically, i think it further hems the republicans in. i think it gives obama even higher political ground than he has now. he already has political high ground. he already has a strong position. he may not even have to do this politically. but i think that this would se
you said he should propose lowering the corporate tax rate from 35% to 30%. what's your rationale behind that? >> well i have rationales both substantive and political. substantive, i think it is the right thing to do. i've spoken to a lot of economists about this over the years. even many liberal economists would agree that the corporate tax rate of 35% in this country is too high. it is higher than in most other -- i think every other advanced country. now it has to be done, obviously,...
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tax rates. tax rates. tax rates, tax rates. like tourettes. that is all they want. >>neil: member the middle ground they rumored about last week, maybe not 39.6 percent the top rate, but mid-30's but regardless you think the rate will change. >>guest: i am pessimistic short run and long run. there is in reason why they should go up but i think they will. we need to just limit the growth of spending to 2.5 percent a year on average and the fight is about taxes going up so that spending can go up and that is a game leapfrog. we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they
tax rates. tax rates. tax rates, tax rates. like tourettes. that is all they want. >>neil: member the middle ground they rumored about last week, maybe not 39.6 percent the top rate, but mid-30's but regardless you think the rate will change. >>guest: i am pessimistic short run and long run. there is in reason why they should go up but i think they will. we need to just limit the growth of spending to 2.5 percent a year on average and the fight is about taxes going up so that...
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Nov 29, 2012
11/12
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it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look, republicans need to compromise. they need to keep tax cuts in place forpeople earning $250,000 and less. heays it's time to make a change and now people on the hill saying that the g.o.p. is splintering. what do you say? >> that's not true. actually, what tom was trying to say was it's a tax call thing. tom is against raising taxes on any level. he's against raising taxes on all folks, but have agreement with the president onhis group that's $250,000 and less, clear the table and make the bracket.ions in the upper he's against raising r
it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look,...
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Dec 7, 2012
12/12
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the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was president obama. season. >> the way bush has done it, over the last eight years is to take out a credit cardback of china in the game of the children, driving up the national debt. that is irresponsible and unpatriotic. >> eric: unpatriotic. $5 trillion in debt. president obama will add ten, 11, 12 trillion in debt. when he is done with this. >> for years, president obama running when he was senator, running for president always said that the bush tax cuts were only for the rich and only benefit the rich. now he says that the republicans ar
the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social...
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Dec 5, 2012
12/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. now get a 2013 malibu ls for around $199 per month, plus competitive lessees can get $1,000 toward the down payment for an even better deal. >>> good morning, everybody. i'm thomas roberts. topping the agenda the new grinch that's threatening to steal christmas, the seemingly insurmountable impasse over the fiscal cliff. live the president's pr campaign taking him outside the white house but inside the beltway. you're taking a live look at the president glad handing the group of busi
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or...
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Nov 30, 2012
11/12
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CNNW
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to the tax man. ouch. the missouri fellow, or woman, will pay $75 million to the tax man. i'm sure they'll be okay with that really. trust me. here's some perspective too as well. as we get set to dive over the fiscal cliff, january 1st and our tacks jump up, if these people had won just another month and a half later, guess what would have happened? their winnings would have been slashed by $8 million more, so there's the silver lining in the tax cloud. speaking of clouds, man, is it a mess on the west coast. it's just no let-up in the rain. karen mcginnis is here to talk about the pacific storm that are battering the region. the rain just keeps coming and coming. it's expected to dump four to eight inches on places that have already been deluged with six inches. yes. that spells flooding, doesn't it? >> it really does. this will be the big concern as we head towards the weekend. up and down the west coast from seattle to san diego, they're being impacted by fierce winds, heavy rain, and it looks li
to the tax man. ouch. the missouri fellow, or woman, will pay $75 million to the tax man. i'm sure they'll be okay with that really. trust me. here's some perspective too as well. as we get set to dive over the fiscal cliff, january 1st and our tacks jump up, if these people had won just another month and a half later, guess what would have happened? their winnings would have been slashed by $8 million more, so there's the silver lining in the tax cloud. speaking of clouds, man, is it a mess on...
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Dec 7, 2012
12/12
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taxes, you have been paid sales taxes or hidden taxes, so in the end in big states, people will be paying 60 -- a minimum of 60 cents of every dollar they make to the government. and i ask you, after every american is finished paying their fair share, how much of every dollar should they be allowed to keep, juan? and i want a direct answer. don't dodge, don't duck. what is fair? >> i don't duck. i always am straight with you, sean because i think you deserve an honest answer. number one, we are talking about federal taxation. if you want to have a argument with your county or city government, new york city and westchester county or long island go have it. >> you are not answering. >> but if you are talking about federal tax, right i'm saying to you i between between 35 and 39 is totally good. >> but that's not addressing it. wait a second. this is not a small issue. after somebody pace their federal, their state, their social security, their property, their car tax, their sales tax, after they are done giving the government their fair share, state, local, federal, what is fair? give me a
taxes, you have been paid sales taxes or hidden taxes, so in the end in big states, people will be paying 60 -- a minimum of 60 cents of every dollar they make to the government. and i ask you, after every american is finished paying their fair share, how much of every dollar should they be allowed to keep, juan? and i want a direct answer. don't dodge, don't duck. what is fair? >> i don't duck. i always am straight with you, sean because i think you deserve an honest answer. number one,...
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then we have been signed on the tax hike that could put a spike tax hike that could put a spike in this very twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and eenses. read and consider it carefully before investing. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stoma acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. neil: welcome back. >> most of y
then we have been signed on the tax hike that could put a spike tax hike that could put a spike in this very twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which...
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Dec 4, 2012
12/12
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he spoke of the benefits of cutting taxes. president obama, i hope you're watching this. >> this can be the most important step we could take to prevent another recession. that is the right time to make tax cuts both for your family budget and the national budget. resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. it will include an across the the board top to bottom cut in both corporate and personal income taxes. the billions of dollars this bill will place in the hands of the consumer, and our businessmen, will have both immediate and permanent benefits to our economy. every dollar released from taxation that is spent or invested will help create a new job and a new salary and these new jobs and new salaries can create other jobs and other salaries. >> right. that is the message that president obama needs to hear. unfortunately, there's growing evidence to indicate that he's not interested in striking any deal at all. now
he spoke of the benefits of cutting taxes. president obama, i hope you're watching this. >> this can be the most important step we could take to prevent another recession. that is the right time to make tax cuts both for your family budget and the national budget. resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. it will include an across the the board top to bottom cut in both...
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Nov 29, 2012
11/12
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we had the big tax breaks for wealthy americans from 2000 to 2008. what happened at the end of that period? jobs went down, the deficit went up. we also know, reverend al, from the nonpartisan congressional office, that those tax breaks for the very wealthy people have virtually no impact on jobs and economic growth and that the proposals the president has made, both the middle class tax extension, plus his small business tax cut, taken together do a lot more than you would get in terms of job growth from providing the folks at the very top with this bonus tax break. so you've got to look at the president's entire plan, both the investment in our infrastructure as well as middle class tax relief and small business tax relief and that is the jobs plan for the future and no matter what republicans say, the reality is that at the end of the day they are looking out for the folks at the very top. we know from our own history. >> yeah. >> that history is bankrupt. >> and these are things we need. if you look at what hurricane did to new york and new jerse
we had the big tax breaks for wealthy americans from 2000 to 2008. what happened at the end of that period? jobs went down, the deficit went up. we also know, reverend al, from the nonpartisan congressional office, that those tax breaks for the very wealthy people have virtually no impact on jobs and economic growth and that the proposals the president has made, both the middle class tax extension, plus his small business tax cut, taken together do a lot more than you would get in terms of job...
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Nov 29, 2012
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the taxes are this. 35% will go to federal taxes. 4.54% will go to arizona taxes, that is much better than california. and 6% will go to missouri taxes. interesting too a couple other notes for you. one this isn't the largest lottery in u.s. history actually earlier this year the megamillions game was $656 million. three people bought tickets that won that, that was earlier this year, and the largest in the history of the world, believe it or not was back in spain in 2011. $939million somebody won over there. martha. martha: wow, well, you know we'd lick to her a good story. if you have a good story about winning the lottery and everything turning out really well, let us know. >> reporter: i would have shared. i would have shared. martha: thank you, adam. we'll see you soon. bill: thank you, adam. if you're watching us right now you probably didn't win. you'd be out answering the phone or having a good party. martha: first thing i would do is watch "america's newsroom" if i won. bill: okay that's it. the odds of winning, space junk falling to earth and hitting one person, one in 3200.
the taxes are this. 35% will go to federal taxes. 4.54% will go to arizona taxes, that is much better than california. and 6% will go to missouri taxes. interesting too a couple other notes for you. one this isn't the largest lottery in u.s. history actually earlier this year the megamillions game was $656 million. three people bought tickets that won that, that was earlier this year, and the largest in the history of the world, believe it or not was back in spain in 2011. $939million somebody...
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Nov 30, 2012
11/12
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he compromised. >> he never compromised principles. >> well, he raised taxes. >> he also cut taxes. >> but he did compromise. >> that's not true. >> and at that point, cantor's press secretary yelled off camera saying what i was saying wasn't true. >> they are going to have to get real here, e.j. they are going to have to deal with some truth and some facts. otherwise, we'll never move forward. >> i think there is a myth of reagan as a pure idealog and he's also the guy that rec recognized that gorbechov was not like the other soviet leaders. i think the republicans have been taxaphobic ever since george h.w. bush raised the taxes back in 1990. he lost the election. they have been afraid to do it ever since. >> e.j. dionne, thank you so much for your time. have a nice great weekend. >> and great to be with you. thank you. >>> coming up, karl rove finally has the answer. he knows exactly why he blew through $300 million for his billionaire buddies. you've got to hear this. >>> and scott walker's so concerned about retirees that he want to get rid of same-day voting registration. i wond
he compromised. >> he never compromised principles. >> well, he raised taxes. >> he also cut taxes. >> but he did compromise. >> that's not true. >> and at that point, cantor's press secretary yelled off camera saying what i was saying wasn't true. >> they are going to have to get real here, e.j. they are going to have to deal with some truth and some facts. otherwise, we'll never move forward. >> i think there is a myth of reagan as a pure...
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Dec 1, 2012
12/12
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not using this tax revenue to pay down debt. this is a wide disagreement. >> greta: in the first one 800 revenues 80 billion dollars a year, we could go to the study and find 80 billion dollars each year of waste that no one in his right mind wants to pay for that would easily meet that revenue demand. no one looks for waste. it is bizarre. we got money that we should at least figure out what we really need. >> i couldn't agree more. i really believe, deeply, that every cabinet member needs to be a manager. there's so much good that could be done with strong leaders in these cabinet departments and subcabinet departments and subcabinet departments to save, be more productive for the american people before asking, send more money. that's what we hear washington. we are in this big debt problem, the american people, send more money. not deal with the hard things that congressional oversight, do a good job of that. tom coburn is great at it, few are. this is the kind of thing we need to do more of. >> greta: always nice to see you.
not using this tax revenue to pay down debt. this is a wide disagreement. >> greta: in the first one 800 revenues 80 billion dollars a year, we could go to the study and find 80 billion dollars each year of waste that no one in his right mind wants to pay for that would easily meet that revenue demand. no one looks for waste. it is bizarre. we got money that we should at least figure out what we really need. >> i couldn't agree more. i really believe, deeply, that every cabinet...
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Dec 1, 2012
12/12
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so for instance if you have a tax system like ours where speculators are taxed at a different rate than if people who work for a living or from any into a bank account in the cayman islands rather than peak united states, you have extended the rules not only to give lower taxes, tax rates to those who avail themselves of these, but distorts the economy and you wind up with more speculation. the money isn't in the cayman islands because it grows better in the sunshine. lack of sunshine, is the reason people keep their money there. >> i had a conversation with someone from the financial industry trying to make the defense about things like carried interest which isn't investment income but gets taxed, there's a lot of effort put in with cancer in return, and i couldn't help, you know what else involves a lot of munster in return? renting books. i don't get the tax break and you get the tax break. >> just to clarify the question of very interesting, when a private equity or hedge fund earns money from their customers they earn a fee, that is their income. they are allowed to defer that and
so for instance if you have a tax system like ours where speculators are taxed at a different rate than if people who work for a living or from any into a bank account in the cayman islands rather than peak united states, you have extended the rules not only to give lower taxes, tax rates to those who avail themselves of these, but distorts the economy and you wind up with more speculation. the money isn't in the cayman islands because it grows better in the sunshine. lack of sunshine, is the...
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Nov 29, 2012
11/12
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FBC
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
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instead, signaling they're open to raising revenue by limiting the tax code. it's a major sticking point. holding up a deal. >> right now, i'd say we're nowhere. >> reporter: president obama is looking for $1.6 trillion in new tax revenue over ten years. speaker boehner is offering half of that. there's $600 billion. the speaker says that's not enough. although he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, it means on january 1st, every american will pay more income tax, between 2,000 to $2,200 for the average family. $500 billion in automatic spending cuts will go into effect. half of that at the pentagon. the other half coming in transportation, food safety and research. economists feel if washington can't strike a deal, the economy will fall back into recession and the unemployment rate will shoot up, rob and paula. >> tahman, the clock is ticking in all of this. where do the talks go from here this week? >> well, the white house said president obama presented his plan last week and the gop leaders shot it down. now,
instead, signaling they're open to raising revenue by limiting the tax code. it's a major sticking point. holding up a deal. >> right now, i'd say we're nowhere. >> reporter: president obama is looking for $1.6 trillion in new tax revenue over ten years. speaker boehner is offering half of that. there's $600 billion. the speaker says that's not enough. although he hasn't outlined what he thinks should be cut. if they can't avoid the fiscal cliff, it means on january 1st, every...
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two wars and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too much. this plan doesn't basically reform entitlement spending. we don't get our spending, with any of these three plans. even going over the cliff we don't get the spending in order. i will give you the last word. then we go on. >> the issue with the republicans they're losing this. they're losing the argument, the debate, they're losing everything. what we need to do is, to respond to the question, what do we do now in three weeks? let's go ahead and give 98% of the american people a tax cut. none of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings, getting rid of waste fraud and abuse and other aspects. i will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting the issue on taxes and they're not telling the american people that the enlightment reform and tax reform is an issue or issues that can be discussed in 2013 in deliberative manner liste
two wars and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too much. this plan doesn't basically reform entitlement spending. we don't get our spending, with any of these three plans. even going over the cliff we don't get the spending in order. i will give you the last word. then we go on. >> the issue with the republicans they're losing this. they're losing the argument, the debate, they're losing everything. what we need to do is, to...
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go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it was made to the hospital where kate is being treated for acute morning sick sentencesness. anna bell roberts is with us. >> reporter: good morning, lynn. that's right. the latest on kate's condition i
go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five...
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adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to be about cutting spending. >> not even $400 billion in cuts and they want to have this extra spending that is actually greater than the amount they're willing to cut. it was not a serious proposal. >> the president may have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this as republicans raising taxes. >> if congress does othing, every family in america will see their income taxes automatically go up on january 1st. that is sort of like a lump of coal you get forchristmas. >> congressional democrats operating like they don't have to compromise on spending or taxes. >> elections have consequences. the president campaigned, made it very clear. made very clear that he was supporting tax cuts for the mile-class, thathe wanted the expiration of thetax cuts for the high end. >> very little progress among the inside player so ar, t
adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to be about cutting spending. >> not even $400 billion in cuts and they want to have this extra spending that is actually greater than the amount they're willing to cut. it was not a serious proposal. >> the president may have the upper hand because the fiscal cliff tops allow him to back the opposition into a corner by framing this...
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income taxes but that's only one of the many doing of many taxes that we all pay as a percentage of income the people working at mcdonald's for eight bucks an hour pay more of their income in taxes than mitt romney that's right how do you think we're doing the guys now you with what percentage of the federal taxes are collected from the one percenters because i know people manipulate the numbers in the get their point across i don't know off the top of my head and i do really like them do you research and come back later show you show your rate by the way thank you yeah i'd be glad to will get the numbers and we'll do a chart and graph and i think thank you jim i appreciate you calling in and raising the question that's something that we have done shows on before you know where where was the. revenue before where is it now and what you know i can tell you the top tax rate during the eisenhower years was ninety one percent and you know right now the top tax rate is thirty five percent and they're talking about taking it up to thirty nine thirty nine point six percent which is where i
income taxes but that's only one of the many doing of many taxes that we all pay as a percentage of income the people working at mcdonald's for eight bucks an hour pay more of their income in taxes than mitt romney that's right how do you think we're doing the guys now you with what percentage of the federal taxes are collected from the one percenters because i know people manipulate the numbers in the get their point across i don't know off the top of my head and i do really like them do you...
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Dec 1, 2012
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one-third of it was tax cuts. they said from the get go, we're going to give republicans what they want. we expect them to meet in the middle. that's not what they did this time. this is where we are, we'll meet down here. republicans are going to do the same thing. they're going to say this is not a serious proposal. along the way, they are going to meet. it's going to be a proposal that doesn't have a trillion dollars in tax rates. >> some conservatives are encouraging republicans to go off the cliff. >> they obviously expect republicans will cave on everything. i think republicans ought to simply walk away. >> limbaugh said the same thing as well. is this political suicide for republicans? who would really pay the political price before the state of the union and on into the spring if they don't have a deal? >> republicans. i think matt lewis and his column got it right. they would pay the price. what they are essentially saying because we want to protect -- listen, it's a more complex argument. what it will be
one-third of it was tax cuts. they said from the get go, we're going to give republicans what they want. we expect them to meet in the middle. that's not what they did this time. this is where we are, we'll meet down here. republicans are going to do the same thing. they're going to say this is not a serious proposal. along the way, they are going to meet. it's going to be a proposal that doesn't have a trillion dollars in tax rates. >> some conservatives are encouraging republicans to go...
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not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own protests over alleged abuses by the opposition. several tv stations in egypt going back to protest the constitution drafted by islamists. >>> new chilling surveillance video showing the moment when a barista came face-to-face with her killer. you can see 18-year-old samantha make the coffee and then raise her hands as if she's being held up. he makes her turn off the lights and climb through a window before tying her hands behind her back, chilling. the f.b.i. says he then sexually assaulted and he killed her. he's confessed
not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own...
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Dec 1, 2012
12/12
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KPIX
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that is their tax bill after they hit the lottery jackpot. mark and cindy hill claimed their share of the record $588 million power ball jackpot. that's their six-year-old daughter jayden whom they adopted from china and her big brothers. cindy, who lost her job two years ago, was the first to know that they'd won. >> i didn't find out until the next day after i'd taken my daughter to school and i went by to see what the numbers were and i got back in my car and i didn't have my glasses and i was thinking "is that the right numbers, is that the right numbers?" and i was shaking and i called my husband and i said "i think i'm having a heart attack." >> pelley: the hills take home $135 million after taxes. mark hill, a mechanic, is quitting his job. >> i talked to my boss over the phone. he didn't belief me. later he called back and said "really?" i said "yup, really." >> pelley: there was one other winning ticket purchased outside phoenix but we don't know who the owner is yet. the fledgling egyptian democracy just got its first draft constitu
that is their tax bill after they hit the lottery jackpot. mark and cindy hill claimed their share of the record $588 million power ball jackpot. that's their six-year-old daughter jayden whom they adopted from china and her big brothers. cindy, who lost her job two years ago, was the first to know that they'd won. >> i didn't find out until the next day after i'd taken my daughter to school and i went by to see what the numbers were and i got back in my car and i didn't have my glasses...
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Dec 3, 2012
12/12
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FOXNEWSW
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we'll pay a less tax now to avoid the obama tax the rich tax next year. that is flat out hypocrisy, in my opinion. >> gretchen: i love stuart varney, emon a monday morning because he wakes me up with his analysis. >> hypocrisy will get you any time of day. >> gretchen: i gather you'll be talk being this on varney and company. it's 9:20 a.m. over an fbn. >> thanks. >> gretchen: i'll look forward to see you. coming up, the new plan to push american students ahead, longer school days. is that a good idea? should we keep our kids in school longer? then he's got one of the most popular shows on tv and one of the coolest jobs ever. the red neck rocket scientist blowing things up here, next hour. oh, my goodness, i think that's what's going to be blowing up. just a guess. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality t
we'll pay a less tax now to avoid the obama tax the rich tax next year. that is flat out hypocrisy, in my opinion. >> gretchen: i love stuart varney, emon a monday morning because he wakes me up with his analysis. >> hypocrisy will get you any time of day. >> gretchen: i gather you'll be talk being this on varney and company. it's 9:20 a.m. over an fbn. >> thanks. >> gretchen: i'll look forward to see you. coming up, the new plan to push american students ahead,...
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it is like a tax revolt. if washington does not act major league owners will be forced to shell out money. the ipad maybe number one but consumers have more options with a tablet. and just how wasteful has indeed york been? consumers and taxpayers aretomit squeezed. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. you know, from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. yeah, i'm kind of a big deal. [sigh] it feels good to help people save... with great discounts like safe driver, multicar, and multipolicy. 731, 732... you want my number, don't you? call 1-800-progressive right now. or visit progressive.com for an extra $50 online savings. thirsty? 'causi got a six-pack right here. oh, yeah... [voice shaking] you don't even have to wait for your
it is like a tax revolt. if washington does not act major league owners will be forced to shell out money. the ipad maybe number one but consumers have more options with a tablet. and just how wasteful has indeed york been? consumers and taxpayers aretomit squeezed. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. you know, from our 4,000 television...
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Dec 4, 2012
12/12
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FOXNEWSW
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he put on more taxes. he doubled the new taxes and, tax increases. and then he put more spending on the table and new stimulus. that is heading us in the wrong direction. jenna: i'm getting a lightning bolt wires comes into our newsroom when news crosses. apparently the president speaking to bloomberg television moments ago, getting parts of this interview says speaker boehner's proposal on the fiscal cliff is still out of balance. that is a quote the president has given about the letter and the proposal that you sent to capitol hill. realistically, when do you need to get a deal done to avoid the country from going off the fiscal cliff? know there is limited days. >> yes. jenna: when does an actual deal have to be done so it gets through those logistical processes we know need to be done in both the house and the senate? >> the sooner we can get a deal the better. speaker boehner, as i said, he, the day after the election, said, okay, we'll put tax revenue on the table. let's start the negotiations. you know this can be done. president reagan and ti
he put on more taxes. he doubled the new taxes and, tax increases. and then he put more spending on the table and new stimulus. that is heading us in the wrong direction. jenna: i'm getting a lightning bolt wires comes into our newsroom when news crosses. apparently the president speaking to bloomberg television moments ago, getting parts of this interview says speaker boehner's proposal on the fiscal cliff is still out of balance. that is a quote the president has given about the letter and...
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which would be income capital gains estate taxes the i just mentioned a couple games and state taxes go up investments in infrastructure let's rebuild this country help for struggling homeowners an extension of the payroll tax cut unemployment benefits this by the way sounds eerily like what dwight eisenhower did in the early fifty's when well during the recession the recession fifty one fifty two and eisenhower came in started building it actually i was system the g.i. bill they were there were you know in any case so where is this going to go i think you know frankly should've gone a step farther as an initial mission negotiated point and said we're not going to roll back the bush tax cuts we're going to roll back the reagan tax cuts and you know let's take it back to seventy four percent but you know mark i think there's a mistake here i don't think anything's really going to get done i think again that the main thing the main constituency of the newly elected and the incumbents is their party it's not the american people they can pass a budget i don't see why anybody thinks they
which would be income capital gains estate taxes the i just mentioned a couple games and state taxes go up investments in infrastructure let's rebuild this country help for struggling homeowners an extension of the payroll tax cut unemployment benefits this by the way sounds eerily like what dwight eisenhower did in the early fifty's when well during the recession the recession fifty one fifty two and eisenhower came in started building it actually i was system the g.i. bill they were there...
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Nov 30, 2012
11/12
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CNNW
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should they raise the capital gains tax, and taxes on dividends, as well? or some combination of all of the above? right now they don't even seem to agree on the amount of money to be raised in revenue. let's listen to what senate majority leader harry reid had to say to explain the democrats' position on this. >> protect middle-class families from the fiscal cliff that they're facing by freezing the tax rates for the first $250,000 all americans' income and letting the rates go up to the same level they were during the clinton administration. republicans know where we stand. we've said it. we've said it. we've said it so many times, the president's said the same thing. >> and so republicans do know where democrats stand. this is certainly this idea of raising taxes on the wealthy is something that the president ran on in the last campaign. but republicans feel like there's been way too much focus on this whole tax side of things, and not nearly enough focus on spending cuts. which are also needed. let's listen to what house speaker john boehner had to say
should they raise the capital gains tax, and taxes on dividends, as well? or some combination of all of the above? right now they don't even seem to agree on the amount of money to be raised in revenue. let's listen to what senate majority leader harry reid had to say to explain the democrats' position on this. >> protect middle-class families from the fiscal cliff that they're facing by freezing the tax rates for the first $250,000 all americans' income and letting the rates go up to the...
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Dec 1, 2012
12/12
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FOXNEWSW
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we have known about the fiscal cliff and the sequestration and the tax increases or not tax increase, since a minimum of august of 2011. >> they have done nothing, except have a lot of chatter, no product. they have the super committee in november of 2011. they couldn't reach an opinion. so did they meet in december in no. january? no. february? no. did anybody do anything? no. in august, they went on vocation and campaigned for their vobs -- jobs. they took off august, september, october, early november and they are now worried about getting a deal before their christmas vacation. they are worried about christmas. i think, go figure. any business owner would never do that. so -- am i too hard on politicians? >> no. what this comes down to is the need for leadership in our country. think about all the problems that you just -- that you just espoused, gret a. and to consider that you take all of those problems and then have you to acknowledge that the leader of and the cause of many of those problems was just re-elected for four more years of the same? four more years of the status quo
we have known about the fiscal cliff and the sequestration and the tax increases or not tax increase, since a minimum of august of 2011. >> they have done nothing, except have a lot of chatter, no product. they have the super committee in november of 2011. they couldn't reach an opinion. so did they meet in december in no. january? no. february? no. did anybody do anything? no. in august, they went on vocation and campaigned for their vobs -- jobs. they took off august, september,...
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Dec 7, 2012
12/12
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FOXNEWS
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you can't in a survey say if you eliminate tax deductions and spapped the tax base you can't say that. >> what the survey shows is the president has been really successful at passing along his agenda of incoming quality and class warfare. he is effective and that is why he was re-elected. >> there are other ways to raise revenue. jay it is soen fiewr yaiting -- soen fiewr yaiting. the fact is the economy is going into a recession next yore i believe no matter what. you have no growth and no jobs or very few jobs. it is very bad. >> i am paid $200,000 to be on the show tonight. >> what? >> how will that affect me tax wise? >> well it is better you earn as a family $200 versus $250. if you are on the $250k threshold you are screwed. you will be better off. that's what i say there is no incentive because of the tax policy the president is proposing. there is no incentive to work and no incentive to grow and no incentive for people to aspire to become millionaires. >> lori is absolutely right. obama has been extremely effective in passing the income equality agenda. and guess who is reapi
you can't in a survey say if you eliminate tax deductions and spapped the tax base you can't say that. >> what the survey shows is the president has been really successful at passing along his agenda of incoming quality and class warfare. he is effective and that is why he was re-elected. >> there are other ways to raise revenue. jay it is soen fiewr yaiting -- soen fiewr yaiting. the fact is the economy is going into a recession next yore i believe no matter what. you have no...
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why not raise rates on rich, fight for a simp her tax system that -- simpler tax system that might provide lower taxes down the road. >> well we need to demand concessions on spending. neil: we're not getting them. >> that is the point, so putting up taxes is not a way of getting concessions in the future. neil: from the get go they put up that 800 billion figure. >> a starting point, the problem is that, as you know, not only will the democrats want more in taxes, but they have in place, with this horrible deal that was done a year and a half ago with debt sealing that gives deal -- there is a deal in place. and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran secon
why not raise rates on rich, fight for a simp her tax system that -- simpler tax system that might provide lower taxes down the road. >> well we need to demand concessions on spending. neil: we're not getting them. >> that is the point, so putting up taxes is not a way of getting concessions in the future. neil: from the get go they put up that 800 billion figure. >> a starting point, the problem is that, as you know, not only will the democrats want more in taxes, but they...
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Dec 4, 2012
12/12
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tax the rich first. obama, if he got his taxes on the rich, is still $8 trillion short over the next decade. that's where the energy taxes he's going to present and the value added tax that ultimately turns us into a european welfare state only of that can pay for obama's sized government. >> wow. grover, unfortunately we have to leave it there. our discussion of unicorns will continue, i'm sure, at least up until december 31st. thank you for joining us today as always. >> you got it. >> after the break, offer ver ses counteroffer. we will break both down with ezra klein when he joins us next on "now." i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our env
tax the rich first. obama, if he got his taxes on the rich, is still $8 trillion short over the next decade. that's where the energy taxes he's going to present and the value added tax that ultimately turns us into a european welfare state only of that can pay for obama's sized government. >> wow. grover, unfortunately we have to leave it there. our discussion of unicorns will continue, i'm sure, at least up until december 31st. thank you for joining us today as always. >> you got...
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Nov 30, 2012
11/12
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KCSM
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investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets have ben liquidated and notnl d.subsidiaries were present in more than 40 of hman's german unihas fouone othn 'ssss e figr yrs, aun 10ttne a bkrtc on eimehodotal fs ul basig mewhe,edris te lmaroerfid rak srt brk. wh wco bk, btay rtedndurreby soie tnk ftang wh us. >> welcome back. epitfreom i spadg si the long crh pteer tangohe see tay >> riot police moved in to break ahr-mohrotest against a me n ba ine mpy. tnse said truckloads of police aiv tov u demonsators. activists say almost 50eonjed >>heig t pte war of burma'sraitnowd rerm b ctics the latest police action show jt w sneeho rctns are. >> many of the injured were
investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets...
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Dec 4, 2012
12/12
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MSNBCW
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that's just a fact, david. >> people would prefer it be done through tax reform, through tax loopholes, but also let me -- >> do you explain to them that by tax loopholes you're not going to get enough revenue to do what needs to be done? >> you are going to get to the 800 billion the speaker said you were going to get to. >> no, i don't think that's right, david. >> we have, again, our economists say we can get to that 800 billion. you have an economist says that you can't get to the 1.6 trillion that the president is trying to ask for. >> and republican math said that mitt romney was going to be president. >> now, that's a different dynamic. look, if you talk to other republicans, there were some other republicans that perhaps didn't have that level of confidence there but, again, i want to go back to this point. >> real quickly, david. we're out of time here. >> the fact is, the president and tim geithner have willfully taken a position that, in fact, in terms of generating revenue that there's only one way to generate revenue and that's through raising taxes and the president has b
that's just a fact, david. >> people would prefer it be done through tax reform, through tax loopholes, but also let me -- >> do you explain to them that by tax loopholes you're not going to get enough revenue to do what needs to be done? >> you are going to get to the 800 billion the speaker said you were going to get to. >> no, i don't think that's right, david. >> we have, again, our economists say we can get to that 800 billion. you have an economist says that...
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Dec 1, 2012
12/12
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CSPAN
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there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim from twitter says -- guest: absolutely. a lot of these credits and deductions, the standard deduction exceeds what you would get, that you just take that. host: the specific credits we have been talking about prompt a question from cindy. guest: yes. you generally have to be working are working outside the home. host: is there an hour requirements? guest: there are a lot of specific requirements. host: kay from richmond, virginia. caller: if somebody is working as hard as they can and making less than $50,000 a year, they count on this refund every y
there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim...
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Nov 30, 2012
11/12
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FBC
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a higher tax next year, a higher tax on dividends is confidently expected. you avoid that if you get the dividend this year. 175 companies doing just that. all right, let's get at it, shall we. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes a
a higher tax next year, a higher tax on dividends is confidently expected. you avoid that if you get the dividend this year. 175 companies doing just that. all right, let's get at it, shall we. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how...